XRP dropped 7% in value this week, falling from $2.5801 to $2.4060. However, there is still hope for a recovery. David Sacks, President Trump’s crypto czar, recently held a press conference where he called it “a golden age for digital assets.”
He emphasized that regulating stablecoins will be his top priority. This focus, along with Ripple’s RLUSD stablecoin gaining traction, could help XRP bounce back in the coming week.
Why XRP Might Rise 15% Next Week
1. Stablecoin Regulation Could Help XRP
David Sacks confirmed that stablecoin regulation is his main focus. This could bring positive changes for XRP. Ripple’s RLUSD stablecoin is already available on 14 exchanges, and clearer regulations might give it—and XRP—a boost.
XRP has already fallen 7% this week, but Sacks’ six-month timeline for stablecoin regulation might provide a reason for XRP to recover.
2. Ripple Lawsuit Updates Bring Hope
Ripple is still fighting the U.S. SEC in court. However, Ripple has had some wins. For example, the court ruled that secondary XRP sales are not securities. Additionally, Judge Tenreiro, who was involved in the case, has moved to a different role.
Also, Mark Uyeda, a pro-crypto figure, replaced Gary Gensler as SEC chair. Ripple’s CTO is optimistic about these changes, hoping they will lead to positive regulation for XRP.
3. Positive On-Chain Data for XRP
Ripple’s on-chain data shows encouraging signs. The funding rates have turned positive, and the number of active XRP addresses continues to rise. The total value locked (TVL) on the XRPLedger remains above $80 million, showing investor confidence and supporting a bullish outlook for XRP.
XRP’s Price Outlook
XRP is currently priced at $2.3986. The next resistance level for the cryptocurrency is between $2.7874 and $2.8281, which means there is a 16% rally potential. XRP could also find support around $2.1491, where it peaked in December 2024.
XRP’s Correlation With Bitcoin
XRP’s price has a strong correlation with Bitcoin. The three-month correlation stands at 0.83, which means XRP’s price often moves with Bitcoin. Traders should watch Bitcoin’s price carefully as it can affect XRP’s price.
Overall, with traders staying positive on XRP, it could see a 15% price increase in the next week if market conditions align.
